Let's get back on track and dismiss the perceived conspiracy theories, for now anyway. Could this current price drop be simply a matter of the stock being previously overpriced?
Without deep drilling into their quarterly financials, let's assume that the reported headline numbers are legit, i.e., Revenue, Net Profit and EPS.
Current FY2021 three reported quarterly EPS numbers (recent first): Q3: 1.82 cents Q2: 0.87 cents Q1: 1.50 cents Total for 3 quarters: 4.19 cents. Let's assume their Q4 EPS matches their record high Q3 results and add in that figure to the current three quarters: 4.19 cents + 1.82= 6.01 cents.
So, an annual EPS of 6.01.
Now the BIG question for holders and potential investors, what realistic P/E Ratio would you apply to this industry? Keep in mind that the industry they supply (glove companies) are reporting low P/E's because the market doesn't believe current profits for the industry can be sustained long term. Currently Top Glove have a PE around 5, Supermax now below 3.
In summary, let's wait and see what they deliver this month for their 4th quarterly results and perhaps consider what you believe is a realistic PE for your eventual valuation.
@Sunshine123 From publicly available information, Karim doesn't have any stake in ESCERAM. Only people related to him have stakes in it and they haven't been disposing since last week. If they are buying, they aren't doing it aggressively. They have been quiet thus far, same for the directors of the company.
I do think so it is a end game. But I hope I am wrong. When price of gloves stocks slumped, it followed. Now when serbadk related stocks slumped, it followed again. It was a double blow.
Still paying good dividend from esceram . Should hold first still Karim is still increasing its stake in serbak and infact he is not a major shareholder in esceram
Esceram is caught in the cross fire because of links of R & R with Karim. Karim is definitely not in. R & R probably now got no hope to get a seat on the board as no credibility. My guess is that they may quietly sell bit by bit to the major shareholders. ES will pay good dividend going forward and eventually move to mainboard. People have short memories and all this will be forgotten! All I can say is relax and forget about all the charts.
drop over than some director acquired price at end of jan Dato Kamal Yp Tan 0.579 ? bonus issue free if warrant convert to mother share price is 0.63 ? correct me if i'm wrong
shrewdinvestor, I concur with your finding and I noticed no panic disposals by the major shh in the past 2 weeks. Thus we might hold it for mid to long term investment. Contra players might be burnt this round.
Investment bankers and all the big shareholders will fill up this lovely opportunity before the transfering period to main board market So this is the opportunity we as ikan bilis to ride on this moments Yes golden opportunity never happens again once you MISSED it
Do you all notice ....... Why this lately have a lots of conversion warrant to mother shares Must be dividend or bonus issue announcement before transferring to MAIN BOARD
@HamsterHuat There's no filing stating that R&R sold. It has been more than a week since that news emerged but no announcement on selling. They normally report at the latest, 3 days.
this stock cannot la when 80 sens director control buy up and down now so cheap nvr do anything leave u all dead an dry goodluck i long time cut big loss on this
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Posted by TreeTopView > 2021-06-05 13:33 | Report Abuse
Let's get back on track and dismiss the perceived conspiracy theories, for now anyway. Could this current price drop be simply a matter of the stock being previously overpriced?
Without deep drilling into their quarterly financials, let's assume that the reported headline numbers are legit, i.e., Revenue, Net Profit and EPS.
Current FY2021 three reported quarterly EPS numbers (recent first):
Q3: 1.82 cents
Q2: 0.87 cents
Q1: 1.50 cents
Total for 3 quarters: 4.19 cents.
Let's assume their Q4 EPS matches their record high Q3 results and add in that figure to the current three quarters: 4.19 cents + 1.82= 6.01 cents.
So, an annual EPS of 6.01.
Now the BIG question for holders and potential investors, what realistic P/E Ratio would you apply to this industry? Keep in mind that the industry they supply (glove companies) are reporting low P/E's because the market doesn't believe current profits for the industry can be sustained long term. Currently Top Glove have a PE around 5, Supermax now below 3.
In summary, let's wait and see what they deliver this month for their 4th quarterly results and perhaps consider what you believe is a realistic PE for your eventual valuation.
All the best.